Cardiff-based fintech Delio has secured an additional £6.1m in growth funding to solidify its position in the international wealth management technology scene and expand its offering.
The Welsh fintech’s latest backing comes from Octopus Ventures, one of Europe’s most active venture capitalists. Maven Capital Partners, who led Delio’s Series A in 2019, are also reinvesting in the company, bringing total equity raised to date to over £11m.
The past few years have seen a record level of investment in businesses across Wales, as £129m was invested in Welsh start-ups and scale-ups in 2020 alone. fintech clusters outside of London are strengthening their positions and playing an important role in the growth of the UK economy, the investment in Delio is another boost to South Wales’ reputation as an emerging fintech hub and will bring new jobs to the region.
Delio Co-Founder and Managing Director Gareth Lewis said: “We are proud to be part of Welsh fintech’s growth story. Just a few years ago, Delio had only a handful of employees and a small clientele; However, since then we have grown the business rapidly and sustainably and now work with institutions across Europe, North America and Asia. This investment will allow us to build on this momentum, partner with more global financial institutions, and develop our technology in new and exciting ways. »
Founded in 2016, Delio’s technology enables leading banks, wealth managers and other financial institutions to connect investors with alternative assets such as private equity, private debt and real estate. As investor demand for access to private markets reaches an all-time high, financial institutions are investing heavily in digital tools to connect their clients to these highly desirable investment opportunities.
Gareth Lewis explains: “As the Delio story evolves, we strongly believe that the next evolution of private markets will see the need to connect capital raisers, financial institutions and investors on a global, institution-by-institution basis. Thanks to the hard work of all team members, Delio is perfectly positioned to act as the “digital plumber” for this change, which will allow finance professionals to collaborate and share investment opportunities on their networks. respective as never before. »
From international private banks to angel networks, more than $26 billion worth of investment opportunities are shared on platforms powered by Delio to date. Delio’s clients include Barclays, UBS and Welsh companies GS Verde Group, Global Welsh and Angels Invest Wales.